Corporate$DBX $CTOS9:13 AM ETdeveloping · v2

Dropbox to cut about 9% of global workforce, CTO to step down

By BORSA NewsroomPublished Oct 28, 2026, 9:13 AM EDTUpdated Oct 28, 2026, 9:14 AM EDT

Dropbox announced a workforce reduction of about 9%, with $27M to $33M in expected cash costs. CTO Ali Dasdan will step down on Nov. 18. The company expects Q3 revenue and non-GAAP operating margin to be in line with or above prior guidance, with full results due Nov. 5.

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WHAT WE KNOW

Workforce reduction of about 9% globally.